Thursday, October 25, 2012

Jammu and Kashmir hikes D.A. w.e.f 1.7.12

As expected and informed in this blog earlier, the state cabinet today approved Dearness Allowance to it's employees and pensioners.
The Jammu and Kashmir government today announced 7 per cent Dearness Allowance(DA) for employees with effect from July 2012. The State Cabinet which met here today under the chairmanship of the Chief Minister Omar Abdullah accorded approval to the release of 7 per cent (DA) in favour of the govt. employees, pensioners and family pensioners in cash with effect from July 2012, raising the total DA from 65 per cent to 72 per cent. The enhancement in Dearness Allowance will also apply to work charged/whole time contingent paid employees working in regular time scale. The additional burden on State exchequer due to DA will be Rs 500 crores annually and from July 2012 onwards it will be around Rs 335 crores. 
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